M&
Mader & Shannon Wealth Management, Inc. SEC 13F Holdings (Q2 2026) — Top Position: ISHARES 0-3 MONTH TREASURY B
Mader & Shannon Wealth Management, Inc.CIK: 0001535862
Quality / disciplined sizingLong-term holder
Total reported value
$214.1M
Reporting period: 2026-06-30 · Number of holdings: 21
Mader & Shannon Wealth Management, Inc. disclosed 21 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $214.1M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 33.35
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 61
- Diversification
- 42
- Sizing Uniformity
- 91.12
Mader & Shannon Wealth Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.083 — mathematically equivalent to about 12 equally-sized positions, well below its 21 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.89), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 29% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim GLD
-0.4% -$4.3M
Trim IAU
+0.4% -$4.1M
Add KNX
+1.7% $3.6M
Trim GDX
-1.6% -$1.6M
Add FSLR
+3.0% $1.0M
Add DHI
+3.3% $975.6K
Holdings Map
New buyAddUnchangedTrim
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 15.82% | +0.20% | +0.35% | |
| 2 | IAU | Ishares Gold Trust | ETF-Commodities | 11.79% | -1.79% | +0.36% | |
| 3 | GLD | Spdr Gold Shares | ETF-Commodities | 11.68% | -1.90% | -0.43% | |
| 4 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 9.67% | +0.06% | +0.27% | |
| 5 | VRP | Invesco Variable Rate Prefer | ETF-Other | 8.22% | +0.20% | +0.11% | |
| 6 | KNX | Knight-swift Transportation | Stock-Industrials | 6.24% | +1.74% | +1.67% | |
| 7 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 4.32% | +0.18% | +1.42% | |
| 8 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 3.96% | +0.01% | -0.69% | |
| 9 | MLM | Martin Marietta Materials | Stock-Materials | 3.68% | +0.03% | +1.96% | |
| 10 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 3.15% | -0.70% | -1.55% | |
| 11 | FSLR | First Solar Inc | Stock-Tech | 2.60% | +0.51% | +2.99% | |
| 12 | IEO | Ishares U.s. Oil & Gas Explo | ETF-Other | 2.48% | -0.22% | +3.63% | |
| 13 | DHI | Dr Horton Inc | Stock-Consumer Disc | 2.47% | +0.48% | +3.35% | |
| 14 | VLO | Valero Energy CORP | Stock-Energy | 2.46% | +0.18% | +1.27% | |
| 15 | DINO | Hf Sinclair CORP | Stock-Energy | 2.43% | +0.30% | +1.21% | |
| 16 | ITB | Ishares U.s. Home Constructi | ETF-Other | 2.38% | +0.40% | +3.40% | |
| 17 | XLB | Ss Materials Select Sector | ETF-Other | 2.22% | +0.12% | +3.25% | |
| 18 | MPC | Marathon Petroleum CORP | Stock-Energy | 2.20% | +0.16% | +1.81% | |
| 19 | PSX | Phillips 66 | Stock-Energy | 1.97% | -0.09% | +2.00% | |
| 20 | AMAT | Applied Materials Inc | Stock-Tech | 0.15% | +0.15% | NEW | |
| 21 | WMT | Walmart Inc | Stock-Consumer Staples | 0.13% | -0.01% | +0.97% |
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+21.8%
- Stdev
- +10.4%
- Beta
- +0.39
- Alpha
- +8.6%
- Max Drawdown
- -6.5%
- Annualized Perf
- +17%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.92
- Stutzer
- +0.44
- Treynor
- +0.42
- Sterling
- +1.21
- Calmar
- +2.62
- Information Ratio
- -0.3
- Tracking Error
- +12.1%
- Stdev Down
- +5.6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +36.5%
- Worst 12 Months
- +7.3%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.56
- Stdev Sectors
- +9.3%
- Skewness
- -0.49
- Kurtosis
- +0.02
- Upside Potential
- +4.27
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 21 | $214.1M | 0 | ||
| 2026 Q1 | 20 | $216.1M | 50 | ||
| 2025 Q4 | 23 | $204.0M | 0 | ||
| 2025 Q3 | 23 | $204.0M | 65 | ||
| 2025 Q2 | 22 | $183.6M | 0 | ||
| 2025 Q1 | 21 | $175.3M | 100 | ||
| 2024 Q4 | 21 | $161.7M | 0 | ||
| 2024 Q3 | 15 | $172.0M | 0 | ||
| 2024 Q2 | 12 | $166.4M | 0 | ||
| 2024 Q1 | 11 | $178.3M | 0 | ||
| 2023 Q4 | 11 | $175.8M | 0 | ||
| 2023 Q3 | 12 | $152.1M | 0 | ||
| 2023 Q2 | 17 | $161.9M | 0 | ||
| 2023 Q1 | 16 | $151.6M | 0 | ||
| 2022 Q4 | 16 | $151.1M | 0 | ||
| 2022 Q3 | 12 | $91.8M | 0 | ||
| 2022 Q2 | 21 | $167.4M | 0 | ||
| 2022 Q1 | 23 | $184.2M | 0 | ||
| 2021 Q4 | 21 | $180.7M | 0 | ||
| 2021 Q3 | 21 | $156.5M | 0 | ||
| 2021 Q2 | 26 | $194.1M | 100 | ||
| 2021 Q1 | 25 | $170.9M | 28 | ||
| 2020 Q4 | 25 | $150.9M | 38 | ||
| 2020 Q3 | 20 | $127.9M | 6 | ||
| 2020 Q2 | 20 | $122.8M | 51 | ||
| 2020 Q1 | 17 | $113.0M | 34 | ||
| 2019 Q4 | 19 | $124.2M | 20 | ||
| 2019 Q3 | 20 | $126.3M | 42 | ||
| 2019 Q2 | 16 | $117.6M | 72 | ||
| 2019 Q1 | 12 | $111.5M | 20 | ||
| 2018 Q4 | 15 | $122.8M | 100 | ||
| 2018 Q3 | 18 | $129.0M | 100 | ||
| 2018 Q2 | 12 | $82.7M | 82 | ||
| 2018 Q1 | 10 | $84.2M | 100 | ||
| 2017 Q4 | 23 | $136.8M | 89 | ||
| 2017 Q3 | 25 | $155.7M | 100 | ||
| 2017 Q2 | 12 | $72.6M | 100 | ||
| 2017 Q1 | 12 | $139.4M | 100 | ||
| 2016 Q4 | 7 | $120.3M | 100 | ||
| 2016 Q3 | 19 | $131.5M | 100 | ||
| 2016 Q2 | 7 | $139.4M | 100 | ||
| 2016 Q1 | 6 | $148.0M | 100 | ||
| 2015 Q4 | 13 | $113.0M | 100 | ||
| 2015 Q3 | 6 | $80.3M | 100 | ||
| 2015 Q2 | 13 | $87.6M | 100 | ||
| 2015 Q1 | 20 | $149.0M | 100 | ||
| 2014 Q4 | 21 | $148.5M | 100 | ||
| 2014 Q3 | 13 | $51.3M | 100 | ||
| 2014 Q2 | 27 | $130.1M | — |
Holding changes this quarter
Mader & Shannon Wealth Management, Inc.'s most significant position changes for 2026-06-30: New buy: Applied Materials Inc (AMAT); Trim: Spdr Gold Shares (GLD) — shares -0.43%; Add: Ishares Gold Trust (IAU) — shares +0.36%; Add: Knight-swift Transportation (KNX) — shares +1.67%; Trim: Vaneck Gold Miners ETF (GDX) — shares -1.55%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KNX | Knight-swift Transportation | +1.7% | +1.67% | Add |
| 2 | FSLR | First Solar Inc | +0.5% | +2.99% | Add |
| 3 | DHI | Dr Horton Inc | +0.5% | +3.35% | Add |
| 4 | ITB | Ishares U.s. Home Constructi | +0.4% | +3.40% | Add |
| 5 | DINO | Hf Sinclair CORP | +0.3% | +1.21% | Add |
| 6 | VRP | Invesco Variable Rate Prefer | +0.2% | +0.11% | Add |
| 7 | SGOV | Ishares 0-3 Month Treasury B | +0.2% | +0.35% | Add |
| 8 | VLO | Valero Energy CORP | +0.2% | +1.27% | Add |
| 9 | TMO | Thermo Fisher Scientific Inc | +0.2% | +1.42% | Add |
| 10 | MPC | Marathon Petroleum CORP | +0.2% | +1.81% | Add |
| 11 | AMAT | Applied Materials Inc | +0.2% | NEW | New buy |
| 12 | XLB | Ss Materials Select Sector | +0.1% | +3.25% | Add |
| 13 | SHY | Ishares 1-3 Year Treasury Bo | +0.1% | +0.27% | Add |
| 14 | MLM | Martin Marietta Materials | 0% | +1.96% | Add |
| 15 | SHV | Ishares 0-1 Year Treasury Bo | 0% | -0.69% | Trim |
| 16 | WMT | Walmart Inc | 0% | +0.97% | Add |
| 17 | PSX | Phillips 66 | -0.1% | +2.00% | Add |
| 18 | IEO | Ishares U.s. Oil & Gas Explo | -0.2% | +3.63% | Add |
| 19 | GDX | Vaneck Gold Miners ETF | -0.7% | -1.55% | Trim |
| 20 | IAU | Ishares Gold Trust | -1.8% | +0.36% | Add |
| 21 | GLD | Spdr Gold Shares | -1.9% | -0.43% | Trim |
Filing History
FAQ
What is Mader & Shannon Wealth Management, Inc. and what type of investor is it?
Mader & Shannon Wealth Management, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $214.1M, spread across 21 disclosed positions.
What are Mader & Shannon Wealth Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Mader & Shannon Wealth Management, Inc.'s top holdings by market value are:
1. Ishares 0-3 Month Treasury B (SGOV) — $33.9M (15.8%)
2. Ishares Gold Trust (IAU) — $25.2M (11.8%)
3. Spdr Gold Shares (GLD) — $25.0M (11.7%)
4. Ishares 1-3 Year Treasury Bo (SHY) — $20.7M (9.7%)
5. Invesco Variable Rate Prefer (VRP) — $17.6M (8.2%)
What changes did Mader & Shannon Wealth Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Mader & Shannon Wealth Management, Inc. made 21 notable position adjustments: 1 new positions were initiated, 17 existing holdings were added to, 3 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Applied Materials Inc (AMAT); Trim: Spdr Gold Shares (GLD) — shares -0.43%; Add: Ishares Gold Trust (IAU) — shares +0.36%; Add: Knight-swift Transportation (KNX) — shares +1.67%; Trim: Vaneck Gold Miners ETF (GDX) — shares -1.55%
What sectors does Mader & Shannon Wealth Management, Inc. focus on?
Mader & Shannon Wealth Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 31.6%
• Industrials: 21.8%
• Health Care: 15.1%
• Materials: 12.8%
• Information Technology: 9.6%
• Consumer Discretionary: 8.6%
Investment Profile
Mader & Shannon Wealth Management, Inc. returned an annualized 17.0% over the trailing 36 months — outperforming the S&P 500 by 8.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.39 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 31.6% of the portfolio concentrated in Energy.
It has added to its SGOV position over the past two quarters (+$32.1M, now $33.9M), while trimming SHY over the same stretch (-$7.1M, still holding $20.7M).
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